The economy is closer to a recession than markets think, says New York Life Investment’s Goodwin

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Lauren Goodwin, New York Life Investments economist, joins ‘Closing Bell’ ‘Closing Bell’ to discuss the current market rally and her market outlook. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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47 COMMENTS

  1. To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particularly weekly or monthly basis. That’s the key to living a financially stability

  2. Let's talk about success: Firstly the journey won’t be easy, embrace persistence, patience and perseverance. Outline your goal and pull your efforts together to attain that goal. I had a fair share of struggles before diving into crypto last year. And let me tell you, it completely changed my life! So don't lose hope, my friend.

  3. Our government is a lying group of people who seem ok with destroying the U S ,We have been sold out by the democrats and Republicans, add in big pharma,the war machine you have 10 percent that are rich enough 90 percent of us average joe,s who are working and trying to just survive. Tell me this is going to turn out good,it can't we are on the down hill slide with no way to stop.

  4. 12/21/23
    Once again today things are looking better! President Biden's efforts are paying off; and bearing fruit!

    ! All the chicken littles who keep crying about how bad things are were wrong; AGAIN! And all you; Biden hating shortsighted commie-red cap wearers will have to find something else to whine and Bellyache about! Or you could act as if you are Americans and work with us!

  5. The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

  6. The 2020 recession, no wait that didn't happen, then the 2021 recession, nope. The 2022 depression, that didn't happen and then 2023 catastrophe, nope. Keep talking.

  7. The recession is critically affecting the economy. It's scary. I sold my property and invested the money in the stock market, about $200,000 of it. That was late February. I've lost more than 20% of my portfolio's value. It makes me really sad. How can I turn this situation around? 😔

  8. Given the re-inverting yield curve and increased market volatility, I'm reevaluating my portfolios, and the outlook is concerning. How should I reallocate funds within my $1M portfolio to navigate the potential economic downturn?

  9. Point of Truth: These ' market ' analysts, are REALLY WORRIED – unsure of WHAT IS HAPPENING = AND WHAT they can do about it. THEY KNOW the USA NATIONAL debt, is totally UNREACHABLE, TO PAY OFF – AND NO WAY ANYONE HAS, to implement a ' start to pay it off ''. THEY KNOW THE STOCK MARKET – HOUSING MARKET is over-inflated ; pricewise. THEY KNOW……NO ONE will END THEIR GREED . WHICH is why, USA will default – and more internal social problems, go UNSOLVED. What we ' see ' today on all societies fronts, is a nation falling into oblivion. NO nation, lasts forever…. / The USAs' time….is up.

  10. I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING…I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET… CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

  11. Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich

  12. With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly—which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio.

  13. There is not ONE thread down below that is not started up by scammers who are recommending some FAKE Investment specialist. When will the frikkkkkin staff of YouTube get their shaite together and start doing something against all those scammers?

  14. In every crisis, there is an opportunity," as the saying goes. The 2024 recession, while challenging, presents unique avenues to amass wealth. First, it's essential to remember Warren Buffet's advice: "Be fearful when others are greedy, and greedy when others are fearful." During recessions, assets often undervalue. By investing wisely in stocks, real estate, or businesses during this downturn, you position yourself for significant returns during the economic recovery.

  15. Well, the economy is not that bad when most of my elementary school students have cell phones starting in 3rd grade, they all have $200+ Nike Jordan sneakers and spend lots of money in beauty salons every week. And these are kids living in a “poor” neighborhood. And they get free food that they throw in the garbage.

  16. I've been diligently working, saving, and investing toward financial independence and early retirement, but the economy since the pandemic has eaten up the majority of my $3 million portfolio. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?

  17. It's time to change up your revenue streams.The best choice anyone can make is to pursue passive income. Investing in crypt0 turned out to be the best choice I've ever made.The best way to ensure financial security is to diversify your sources of income.

  18. I used to think every investor lose out during recession, meanwhile some make millions. I'm considering whether to put $400k in my stock portfolio. What is the greatest approach to profit from the market?

  19. Wealth is built in both bull or bear market and also wealth transfers from the impatient to the patient. One of the best way to succeed in crypto is by trading your assets with good strategy

  20. Markets look like 2015-16. Probably going back to all time highs, but will probably go sideways until fed signals rate cut, Recently sold 25% of my $285k portfolio comprising of plummeting stocks that were recommended by certain financial YouTubers, quite devastating!

  21. We are in a rolling recession. That is why macro economists like Goodwin can't see what the average household is feeling. The U of Michigan consumer sentiment index reflects that we are in a rolling recession and is at odds with the government's GDP print.

  22. I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.

  23. Been hearing people talk about recession all 2023 and guess what there was no recession 2023. if they are gonna say recession 2024 i wont Believe them they cant pretend we are gonna have a recession every year.

  24. The dollar keeps losing value I've been told several times that It's not wise to just save your money in the bank, I've given it some thought and I want to start trading on the market…Is this the right time to start trading?

  25. I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING…I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET… CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

  26. The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??

  27. This recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.

  28. I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

  29. we cant keep giving money away!the PPP program was a way to keep tje economy afloat but the inflation here when 55 busineesses in a small missouri county got 32-500 thousand in free money ….,no payback and tax-free…..land doubled.Plastic pipe saw 400% Increase as "Build Back.More Wastefully' is installing fiber-optic in places where they cant spell cumputor!Orange pipe and $63 an hour help,,all driving inflation,,,hurt worse than anybody is the very voter-base poor who cant afford $600 month rent,much less 1000!!BUT THEY will continue to vote blue saying stupid things like"The republicans are for the rich" and that blue stands for the "working man"

  30. In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not strongly reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.

Comments are closed.